Sorrento, FL is a small town located in central Florida. It is a charming community that offers plenty of outdoor activities and events for its residents to enjoy. The cost of living in Sorrento is slightly higher than the US average. The 2 bedroom rent in Sorrento is $1,610 compared to $1,430 for the same size residence on a national level, and the Grocery Cost Index for Sorrento is 102 versus 100 for the US. Despite this slightly higher cost of living, many people still choose to call Sorrento home due to its friendly environment and great local businesses like Magnolia Bakery & Cafe, Eye Care Center at Belleview Square Shopping Center and Gator City Pub & Grill.
Sorrento has an unemployment rate of 5.3%. The US average is 6.0%.
Sorrento has seen the job market decrease by -10.2% over the last year. Future job growth over the next ten years is predicted to be 51.2%, which is higher than the US average of 33.5%.
Tax Rates for Sorrento
- The Sales Tax Rate for Sorrento is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sorrento is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sorrento
- The average income of a Sorrento resident is $34,048 a year. The US average is $37,638 a year.
- The Median household income of a Sorrento resident is $0 a year. The US average is $69,021 a year.